A bicycle store costs $4200 per month to operate. The store pays an average of $75 per bike. The average selling price of each
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Then the amount of money will he have in his account after 10 years will be $7,454.16. Then the correct option is B.
<h3>What is compound interest?</h3>Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Miguel deposits $5000 in an account earning 4% interest compounded monthly.
Then the amount of money will he have in his account after 10 years will be
We know the compound interest formula.
Where
A = amount
P = principal
r = rate of interest
t = time period (in year)
Then we have
More about the compound interest link is given below.
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For this case we have to by definition:
1 kg equals 1000 grams
Shark 1:
405 kg and 68 grams
Thus, shark 1 weighs 405,068 grams.
Shark 2:
324 kg and 75 grams
Thus, shark 2 weighs 324,075 grams.
Subtracting we have:
Thus, shark 1 weighs 80,993 grams more than the second.
Answer:
Shark 1 weighs 80,993 grams more than the second.